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Don’t Overlook Fund Fees

Re “Are Index Funds Hampering Corporate Competition?” (Princetonians, Jan. 10): It is certainly an interesting academic exercise with some broader implications. However, there also is a huge industry of actively managed funds that would love for people to go back to doing what they were doing 10 or 15 years ago, which is paying much higher fees to invest money in the stock market. Therefore, we need to be aware of both the consequences of index funds, and also the powerful forces that might want to move us away from index funds toward more expensive actively managed funds.